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Choosing the right builder

Friday, March 24, 2017
By Property Team

It is everyone's dream to buy their own home. However, buying your dream house is not always as easy as it seems. It is better, therefore, not to get carried away by the claims of a builder. Verify the facts all by yourself and take safeguards to protect yourself from being short-changed during the delivery of the final apartment. Here are some precautions to take while choosing a builder

  • Make a careful examination of the prices quoted. Find out if there are discrepancies between what is being promised in the brochures and what is actually on the ground.
     
  • Conduct a check on the background and reputation of the builder as well as the projects he has executed. If possible, one should try and get information from the occupants on his previous projects. Inquire regarding timely possession, quality of construction, compliance with the agreement, providing the amenities mentioned, etc.
     
  • Ask for the sanctioned plan. You must ensure that the project has been fully approved by the concerned authorities of the Government.
     
  • Find out if the project is rated by a credit rating agency like CRISIL, ICRA. ISO 9001 certified companies usually offer good quality services and products.
     
  • Check if your builder's firm is an ISO certified company.
     
  • Ensure that the builder has obtained a 'Completion Certificate' (CC) and an 'Occupancy Certificate' (OC). This is the proof of compliance with all local municipal regulations. Without this, you could get into trouble at a later date.
     
  • Speak to as many people as possible about the builder and the project before signing the cheque.
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